Looking ahead to Cosmos in 2024

Author: CosmosMan, co-founder of AiC_DAO Source: X, @iCosmosMan

At the beginning of last year, we made a macro analysis and summary of the DeFi development of Cosmos, which basically followed the plot.

Now we boldly make the following prediction and analysis of Cosmos in 2024:

1. First review Let’s talk about what we said last year:

Basically, the expected influx of liquidity is happening right now:

a. $STRD TVL exceeded 100 million and became the leader in liquidity staking in the ecosystem, and st assets have been widely adopted by exchanges/lending/stablecoin protocols within the ecosystem;

b. $DYDX V4 has become the largest contract decentralized exchange, which means that it has officially successfully migrated from the Ethereum ecosystem to Cosmos;

c. The issuance of native $USDT exceeds 100 million (via $KAVA), the issuance of native $USDC is about to exceed 100 million and is integrated into Coinbase (via Noble). The CCTP protocol opens up the connection between Cosmos and other EVMs. The issuance of $USDC Liquidity can flow safely and quickly between different ecosystems;

d. Multiple lending protocols/stable currency protocols are gradually being adopted as the ecosystem expands;

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e. Popular DEXs such as $INJ/$KUJI/$OSMO/$ASTRO performed well in both TVL and currency price. $SEI switched to parallel EVM narrative, and the currency The price also performed well;

f. The construction of the Hub economic zone is not as expected, and the revenue model is still not clear enough. $ATOM may have difficulty guiding ecological development, but the ecological Entering the era of hundreds of flowers blooming;

The following outlook analysis of Cosmos in 2024

2. Security aspects

Babylon brings $BTC safely into Cosmos, EigenLayer/Ethos brings $ETH safely into Cosmos, Celestia will build a new security center, under the influence of these projects , the narrative of $ATOM’s inter-chain security/$OSMO’s Mesh security faces challenges in 2024;

3. DeFi aspects

After last year’s development, Cosmos’ DeFi has begun to take shape. The theme of 24 years will be integration and adoption, from Duality being acquired by $NTRN, $UMEE merging into $OSMO, $MARS/$ASTRO We have all seen the close interaction with $NTRN. Ecological DeFi projects have begun to merge resources and hold together for warmth. Under the strong suppression of $DYDX, we will sit back and watch the development of DeFi in 2024 to see who can gain user adoption and have the last laugh;< /p>

4. Hub Economic Zone

Although the construction of Hub Economic Zone is not as expected, it still has a clear-cut banner are optimistic about $STRD/$NTRN, and although not optimistic about $ATOM, we cannot ignore that there are still a large number of personnel resources trying to improve the Hub, including token models, synchronous IBC in the economic zone, parallel execution of MegaBlock and other technologies, and finally Cheesy staking airdrop;

5. Web3 applications

We see $AKT like this Projects with actual adoption are gaining market attention. Projects like $PASG/Chicken PUBG bring further imagination to the concept of on-chain games/metaverse. We hope to see more adoption of Cosmos in the real world this year; < /p>

6. Modularity

As Celestia’s mainnet goes online, prices soar + staking With the airdrop, the market has been completely activated by the concept of modular blockchain. It can be concluded that modularity will be one of the main narratives in this bull market. We are very happy that projects like Celestia/dYmension/Saga are firm supporters of the AppChain narrative and the IBC protocol. We hope they can perform well;

7. IBC

Currently IBC The protocol has been connected to $DOT and will further expand its territory this year. $TIA and RollApp ecology, $ETH and L2 ecology, $SOL ecology, and $NEAR ecology will all be connected to IBC. Accounts to follow: @union_build @SuccinctLabs  @sovereign_labs @Nitro_Labs @Hyperlane_xyz @CosmosAVAX @labs_electron @Polymer_Labs @penumbrazone @ComposableFin